TPG RE Finance Trust, Inc. (TRTX) to Issue Quarterly Dividend of $0.24 on April 24th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, March 13th. Investors of record on Friday, March 27th will be given a dividend of 0.24 per share on Friday, April 24th. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date is Friday, March 27th.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.02 on Wednesday. The firm has a market capitalization of $628.29 million, a PE ratio of 14.27, a P/E/G ratio of 1.39 and a beta of 1.53. The company has a quick ratio of 183.34, a current ratio of 183.34 and a debt-to-equity ratio of 3.02. The firm has a 50-day moving average price of $8.65 and a 200 day moving average price of $8.84. TPG RE Finance Trust has a 52-week low of $6.47 and a 52-week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. The company had revenue of $35.04 million during the quarter, compared to the consensus estimate of $27.15 million. On average, sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Wells Fargo & Company decreased their target price on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.17.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.